Software Risk Management:

Software Risk Management:
Since there could be various risks associated with the software development
projects, the key to identify and manage those risks is to know about the concepts of
software risk management. Many concepts about software risk management could
be identified but the most important are risk index, risk analysis, and risk assessment
(Hoodat, H. &Rashidi, H.).

Risk Index: Generally risks are categorized into two factors namely impact of risk
events and probability of occurrence.

RiskAnalysis: There are quite different types of risk analysis that can be used.
Basically, risk analysis is used to identify the high risk elements of a project in
software engineering.

RiskAssessment: Risk assessment is another important case that integrates risk
management and risk analysis.

Risk Classification:
The key purpose of classifying risk is to get a collective viewpoint on a group of
factors

· SOFTWARE REQUIREMENT RISKS
-.Lack of analysis for change of requirements.
- Change extension of requirements
- Lack of report for requirements

· SOFTWARE COST RISKS
- Lack of good estimation in projects
- Unrealistic schedule
- The hardware does not work well

· SOFTWARE SCHEDULING RISKS
- Inadequate budget
- Change of requirements and extension of requirements
- Human errors

· SOFTWARE QUALITY RISKS
- Inadequate documentation
- Lack of project standard
- Lack of design documentation


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